Caterpillar Inc. (NYSE:CAT) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 231,142 shares of the industrial products company's stock after acquiring an additional 55,564 shares during the quarter. Caterpillar comprises 2.5% of Intech Investment Management LLC's investment portfolio, making the stock its 8th biggest holding. Intech Investment Management LLC's holdings in Caterpillar were worth $83,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FSM Wealth Advisors LLC raised its position in shares of Caterpillar by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after acquiring an additional 25 shares in the last quarter. Allen Capital Group LLC raised its position in shares of Caterpillar by 0.6% during the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after acquiring an additional 26 shares in the last quarter. Wagner Wealth Management LLC raised its position in shares of Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after acquiring an additional 26 shares in the last quarter. Channel Wealth LLC raised its position in shares of Caterpillar by 1.9% during the 4th quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock worth $533,000 after acquiring an additional 27 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. raised its position in shares of Caterpillar by 0.6% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock worth $1,586,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

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Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Analyst Ratings Changes

CAT has been the topic of several research analyst reports. Truist Financial cut their target price on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Jefferies Financial Group lifted their price target on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Wedbush raised Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $383.80.

Caterpillar Price Performance

Shares of Caterpillar stock traded down $0.76 during trading on Friday, reaching $335.49. The company's stock had a trading volume of 6,752,336 shares, compared to its average volume of 2,447,156. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a market capitalization of $160.34 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The business has a 50 day moving average price of $358.61 and a 200-day moving average price of $371.83.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.